Sw Park Foundation is located in Newport Coast, CA. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sw Park Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Sw Park Foundation generated $134.1k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $219.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
MARY'S KITCHEN 517 W STRUCK AVE ORANGE CA 92867
MARINERS CHURCH 5001 NEWPORT COAST DR IRVINE CA 92603
KID WORKS 1902 W CHESTNUT AVE SANTA ANA CA 92703
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Soo Park Director | 0 | $0 | |
William Park Director | 0 | $0 |
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $134,050 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $134,050 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,863 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $200 |
| Total operating and administrative expenses | $9,563 |
| Contributions, gifts, grants paid | $210,000 |
| Total expenses and disbursements | $219,563 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,823,847 |
| Savings and temporary cash investments | $1,914,608 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $60,310 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,798,765 |
| Accounts payable and accrued expenses | $9,363 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $9,363 |
Over the last fiscal year, Sw Park Foundation has awarded $210,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
KIDWORKS PURPOSE: CHARITABLE | $10,000 |
MARINERS CHURCH PURPOSE: CHARITABLE | $100,000 |
NASUNG CHURCH PURPOSE: CHARITABLE | $100,000 |